Name: Salon Financing
Brand: Fleximize
Rating: 5 (1025 reviews)

What is salon financing?

Salon financing helps SMEs like you access the funding you need to develop and grow your business. Whether you’re a nail bar, hairdresser, barbershop, beauty parlour, or other SME in the industry, a salon loan could unlock many opportunities for your business.

Salon equipment financing is one of the most common reasons for external funding for salon businesses, with startup costs estimated at £50,000 for unfurnished premises. Having the equipment for your salon is one thing, but what about the experts to operate it? Hiring skilled workers for your salon is crucial for attracting new customers, and you can use a salon loan to fund your recruiting process.

Showcasing a range of quality products for clients to buy is a great way of keeping them coming back, but committing to products you’re not sure will sell can cause financial strain. A great way to cover costs like these or bridge a gap in your cash flow is through salon financing.

It's important to find the right salon loan provider for your salon's needs, so read on to discover why we could be the perfect lender for your salon finance journey.

1st class customer support

Repay early, repay less

Swift approval

Fuss free funding

How do salon business loans work?

At Fleximize, we offer two paths to salon financing through our flexible loan packages: the Flexiloan and the Flexiloan Lite. Both salon financing options are available on an unsecured or secured basis. We’ve outlined key details about our salon business loans below:

Salon finance ranging from £5,000 – £500,000 over 3 – 60 months
Interest rates starting from 0.9% per month
Approval and deposit in as little as 24 hours
No hidden fees or early repayment penalties
Interest is charged on a reducing balance
Repayment holidays and top-ups available with all loans
Access to exclusive discounts on industry-leading business tools

We understand that many SMEs like you struggle to secure salon finance from traditional loan providers, so we’ve made our application process quick and simple.

While we consider your credit history when reviewing your application, we’ll pay extra attention to your business' overall performance. As long as you’ve traded for more than six months and passed our basic credit checks, you could be eligible for beauty and hair salon financing with us.

Apply for salon finance

What can salon financing be used for?

We offer salon finance to help SMEs like you with cash flow issues, but you can use your salon loan to support your business growth for almost any purpose.

Whether you need beauty, hair, or nail equipment, our salon financing is designed to fit your business needs. In the past, SMEs like you have used our salon finance for:

Purchasing salon equipment
Refurbishing their salon
Recruiting new talent
Staff training
Marketing
Debt consolidation

Check your eligibility for hair and beauty salon finance

We aim to help as many businesses as possible with our hair and nail salon loans, but there are a few basic requirements to meet:

You must be a UK-based company or LLP registered with Companies House.
Your business must have traded for six months with a monthly turnover of £5,000 or more.
If you’re a non-homeowner, you must have traded for at least 36 months and can apply for a maximum of £20,000.

Businesses in England or Wales can apply for salon financing of up to £500,000, and businesses in Scotland or Northern Ireland can apply for up to £250,000 on an unsecured basis.

We can also lend to sole traders and non-limited partnerships with less than four partners if they apply for at least £25,000. Those with more partners could be approved for our minimum loan amount of £5,000.

How much will a salon business loan cost?

Interest rates on our hair and nail salon business loans start at 0.9%, which is charged against a reducing balance instead of the full loan amount. Under our Penalty-Free Promise, we guarantee you’ll never face early repayment fees, so you’ll save money by paying ahead of schedule.

For an estimate of how much your salon loan could cost, our business loan calculator is a great place to start. If you’re looking for a tailored quote for your salon business loan, call us at 020 7100 0110, and a friendly Flexpert will be happy to help.

Flexiloan Flexiloan Lite

Our Flexiloan product is available to businesses trading for at least 12 months over a 12-60 month term.

months

Interest

£8,460.08

Total Repayment Amount

£58,460.08

Monthly Repayment

£3,247.78

Show potential savings through early settlement

Our Penalty-Free Promise means you won’t be charged extra for repaying early.

Find out just how much you could save through early settlement by adjusting the month of repayment in this section.

Your Loan Quote Summary
Full Settlement At
Total Repayable at Agreed Term	£58,460.08
Total Repayable if Repaid Early	£56,122.84
Interest Saving	£2,337.25

* Interest rates offered to new customers may vary from rates advertised due to variations in the Bank of England base rate and/or Standard Overnight Index Average (SONIA).

This estimate is based on a monthly interest rate of 1.70%, which may not reflect your final rate. Please apply online for a tailored quotation.

A representative example of a loan of less than £25,000: 40.8% APR representative, based on a fixed annual rate of interest of 34.7% and an assumed loan amount of £15,000 over 18 months; equating to monthly repayments of £1,080.67 and a total repayable of £19,452.06.

Our Flexiloan Lite product is available to businesses trading for at least 6 months over a 3-12 month term.

months

Interest

£3,472.16

Total Repayment Amount

£33,472.16

Monthly Repayment

£4,184.02

Show potential savings through early settlement

Fleximize is committed to its penalty-free promise for customers repaying early.

Find out just how much you could save through early settlement by adjusting the month of repayment in this section.

Your Loan Quote Summary
Full Settlement At
Total Repayable at Agreed Term	£33,472.16
Total Repayable if Repaid Early	£32,476.26
Interest Saving	£995.90

* Interest rates offered to new customers may vary from rates advertised due to variations in the Bank of England base rate and/or Standard Overnight Index Average (SONIA).

This estimate is based on a monthly interest rate of 2.50%, which may not reflect your final rate. Please apply online for a tailored quotation.

How our salon loans have helped others

Olivia Crighton, founder of Hackney-based Glasshouse Salon, urgently needed larger premises to expand her team when her funding from a bank lender fell through.

Without the funds to relocate, she risked losing clients and stunting her salon's growth. Luckily, we approved Olivia’s business for a hair salon business loan. This allowed Olivia to double the number of stylists on the salon floor, grow her customer base, and maximise profits. Watch her story below.

Apply for salon financing today

Getting one of our salon business loans is easy. Whether you’re a hair, nail, or beauty salon, fill out our simple online application and you could receive the funds in your account in as little as 24 hours - it’s really that easy.

If you’d like to learn more about our products and process or have any other queries, visit our FAQs or call 020 7100 0110 to speak to a friendly member of our team.